Page:1930 QLD Royal Commission into Racing Report.djvu/30

The management and control of the club is in the hands of the committee.

Disposal of Revenue
The moneys received by the club from all sources have been applied in payment of necessary upkeep of the club, in prize money, in taxation, and the reduction of loans raised for the building of its present premises.

Books of Account
Proper books of account are kept and correctly disclose the manner in which and the purposes for which all moneys of the club are expended, applied, disposed of, or used.

C—Prize Money.

The following table contains a comparative statement of the total receipts from all sources of and of the amounts distributed in prize money by The Queensland Turf Club and The Brisbane Amateur Turf Club during the last six years:—

Period.

Q.T.C.

B.A.T.C.

Receipts.

Prize Money.

% Prize Money
to Receipts.

Receipts.

Prize Money.

% Prize Money
to Receipts.

£

£

£

£

1923-24

114,060

63,960

55.8

100,285

30,460

30.3

1924-25

118,182

65,357

55.3

92,524

40,631

43.9

1925-26

125,263

67,968

54.3

*103,439

*47,423

*45.8

1926-27

122,224

73,325

59.1

91.660

41,310

45.0

1927-28

114,983

71,510

62.1

89,079

43,610

48.9

1928-29

112,800

69,070

61.2

85,221

41,910

49.1

707,512

409,920

57.9

562,199

245,344

43.6

* B.A.T.C. 14 months.

This table shows that whereas The Queensland Turf Club distributed in prize money over this period 57.9 per cent, of its total income, The Brisbane Amateur Turf Club distributed only 43.6 per cent.

During the same period, The Queensland Turf Club expended £54,883 on improvements, representing 7.7 per cent, of total receipts, while The Brisbane Amateur Turf Club expended £6,973, representing 1.2 per cent, of total receipts.

The payments made by the latter club to its vendors, which represented 28 per cent, of its total receipts, account for its inability to expend a larger proportion of its income on prize money and improvements.

D—Race Meetings.

Number of Meetings.
In 1929, registered race meetings were confined, as already stated, to Saturdays, certain holidays, and two week-days.

All racing dates are allotted, under the Australian Rules of Racing, by The Queensland Turf Club, as principal club.